Crypto Exchange OKX has officially re -launched its activities in the United States and introduced a centralized trading platform, a new Web3 wallet and a new leadership team, according to a statement of 16 April shared with CryptoSlate.
The exchange explained:
“American customers can buy, sell and convert top cryptocurrencies such as Bitcoin, Ethereum, USDT and USDC, while also connecting traditional finances with crypto through seamless local bank account integrations.”
The move marks an important milestone for the stock market after the recent legal regulation of $ 504 million at the US Department of Justice.
Since then, the company has implemented a robust compliance framework, including full knowledge of the knowledge (KYC) (KYC) and improved fraud detection systems to meet the regulatory standards.
American expansion
OKX has set up a new American head office in San Jose, California, which gives a long -term connection to build on the American market.
The exchange stated that it regards the US as an essential part of its worldwide strategy to stay ahead of the developments of regulations.
According to the company, the repair will entail a phased rollout that starts with migrating current users to its new platform. New users will gradually be brought on board, with a wider launch that is planned in most American states later this year.
To support this expansion, OKX has introduced a self-wip-web3 wallet for American customers. The wallet supports more than 130 block chains and contains tools for exchanging tokens, bridging assets between networks and exploring NFTs and decentralized applications.
As part of his repair, OKX Roshan Robert has appointed his American Chief Executive Officer. Robert, a former Barclays director, brings many years of financial leadership experience into the role.
Roberts Added:
“We have built up an extensive, risk-based worldwide compliance program that improved due diligence, a robust KYC process, customer risk assessment systems, advanced fraud detection, AML tools, geo-blocking and market monitoring technologies. This all part of our dedication.”
